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PSX: Political noise unleashes bears on the bourse!

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KARACHI: Benchmark KSE-100 Index closed in the red (43,353) on week’s third trading day shedding 337 points due to political noise and increasing pressure on foreign exchange reserves.

Rs. 7.8b worth of 207m shares were traded today. Value of the shares of 270 companies augmented, 77 plummeted, while 14 remained stagnant.

Communication, Chemical, Food & Personal Care Products Sectors led the trading today with 27.3m, 22.3m and 20.3m shares respectively.

Today’s top five leaders of shares were: Unity Foods Ltd., 11.5m shares (-4.48pc); Fauji Foods Ltd., 11.4m shares (-4.98pc); K-Electric Ltd., 10.7m shares (-2.74pc); WorldCall Telecom, 9.7m shares (-4.25pc); Azgard Nine: 9.6m shares (-1.38pc).

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PSX: US motion to put Pakistan on a terror financing watch-list lets bears growl all over the bourse!

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KARACHI: Due to domestic political noise alongwith intimation that Pakistan has been given a three-month let-off by an international watchdog over a US-led motion to put the country on a terror-financing watch allowed bear bleed the bourse red that closed at 42,920 shedding 375 points.

Rs. 8.5b worth of 188m shares were traded today. Value of the shares of 177 companies plummeted, 154 augmented, while 18 remained stagnant.

Cement, Chemicals, Food & Personal Care Products Sectors led the trade today with 19.7m, 18.9m and 18.7m shares respectively.

Today’s top five traders of shares were: Azgard Nine Ltd., 15.3m shares (-5.22pc); Lotte Chemical Ltd., 9.5m shares (+1.38pc); TRG Pak Ltd., 9.3m shares (+1.35pc); Dost Steels Ltd: 8.4m shares (+3.18pc); Matco Foods Ltd., 8.1m shares (+5.00pc).

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PSX: Benchmark KSE-100 Index sheds 54 points on week’s 1st trading day!

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KARACHI: The looming specter of FATF meeting in Paris that could result in putting Pakistan on a watch-list enabled bear growl all over the bourse on week’s first trading day.

With a loss of 54 points, benchmark KSE-100 Index closed at 43,573. Rs. 5.1b worth of 126.9m shares were traded today. Value of the shares of 193 companies augmented, 140 plummeted, while 26 remained stagnant.

Food/Personal Care Products, Cement & Communication Sectors led the trading with 19.3m, 14.9m and 12.2m shares respectively. Top five traders of shares today were: Fauji Foods Ltd., 9.8m shares (+4.97pc); TRG Pak Ltd., 7.5m shares (-2.94pc); Matco Foods Ltd., 6.8m shares (+3.19pc); Dewan Salman, 6.6m shares (+3.53pc); Dewan Cement, 5.9m shares (-2.85pc).

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Swiss-Pak Bilateral Trade Up 7.5%; Crosses Half-a-Billion CHF Mark

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M.M.A

KARACHI: According to Swiss Federal Customs Administration latest statistics, bilateral trade between Pakistan and Switzerland during the year 2017 crossed half-a-billion mark; total CHF 518.5 Million due to volume increase of over 7.5%.

Main contributors:

i) Swiss pharmaceuticals and watches exports rose by 7.7% and 7.2% respectively.

ii) Pakistani textile exports were also all time high: CHF 109.86 Million; 30% more than 2016.

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